Palo Alto Networks, Inc. $PANW Holdings Cut by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC lowered its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,613 shares of the network technology company’s stock after selling 202 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Palo Alto Networks were worth $330,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. InTrack Investment Management Inc lifted its holdings in Palo Alto Networks by 13.2% in the second quarter. InTrack Investment Management Inc now owns 28,646 shares of the network technology company’s stock worth $5,862,000 after acquiring an additional 3,343 shares during the last quarter. Cornerstone Enterprises LLC increased its stake in shares of Palo Alto Networks by 27.9% in the second quarter. Cornerstone Enterprises LLC now owns 16,472 shares of the network technology company’s stock valued at $3,371,000 after purchasing an additional 3,591 shares during the period. Trifecta Capital Advisors LLC increased its stake in shares of Palo Alto Networks by 5.9% in the second quarter. Trifecta Capital Advisors LLC now owns 64,816 shares of the network technology company’s stock valued at $13,264,000 after purchasing an additional 3,597 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Palo Alto Networks by 108.6% in the second quarter. Vontobel Holding Ltd. now owns 439,037 shares of the network technology company’s stock valued at $89,845,000 after purchasing an additional 228,610 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Palo Alto Networks by 5.5% in the second quarter. Maryland State Retirement & Pension System now owns 31,927 shares of the network technology company’s stock valued at $6,534,000 after purchasing an additional 1,673 shares during the period. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PANW shares. Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a research note on Tuesday, July 29th. BMO Capital Markets raised their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Tigress Financial started coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They issued a “buy” rating and a $245.00 price target on the stock. Finally, Stephens restated an “equal weight” rating and issued a $205.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.95.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $217.79 on Thursday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94. The firm has a market capitalization of $145.68 billion, a PE ratio of 135.69, a P/E/G ratio of 5.02 and a beta of 0.98. The company’s 50 day simple moving average is $191.40 and its 200 day simple moving average is $188.81.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at $6,564,943.84. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,315,130 shares of company stock worth $260,687,367. 2.50% of the stock is owned by insiders.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.